TechFlow news, according to Reuters, Euroclear, the securities settlement giant, has completed the settlement of its first digital note. The digital note was issued by the World Bank on the Luxembourg Stock Exchange to raise funds for sustainable development initiatives, amounting to 100 million euros ($106 million).
Citibank's issuer services unit acted as the issuer and paying agent, TD Securities served as the dealer, and Euroclear Bank served as the central securities depository for the issuer.
Euroclear stated that this issuance marks the launch of its digital securities issuance service, which enables clients to issue, distribute, and settle fully digital international securities on distributed ledger technology (DLT) or blockchain platforms.
